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Querist : Anonymous (Querist)
19 April 2013 top 500 bse companies who has changed their accounting policies from mercantile to cash basis.?
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CA. Sunil Kumar

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CA. Sunil Kumar (Expert)
20 April 2013 All companies have to follow Accounting standards notified by NACAS (National Advisory Committee on Accounting Standards)

and as per AS-09

Revenue should be recognized on Accrual basis except as stated in AS

If any company diverted from same, shall be stated in accounting policy with reasoning
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